https://www.taxtmi.com/caselaws?id=420182 The Tribunal admitted the application filed by the Operational Creditor under Section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor for default in payment of rent and amenities. A moratorium was declared, public announcements initiated, and an Interim Resolution Professional appointed. The Corporate Debtor's lack of defense led to the Tribunal's decision, emphasizing the nature of the claim as operational debt. Deadlines were set for resolution process steps, and compliance was required from all relevant parties. en-us Mon, 21 Mar 2022 00:00:00 +0530 Tue, 29 Mar 2022 08:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420182 The Tribunal admitted the application filed by the Operational Creditor under Section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor for default in payment of rent and amenities. A moratorium was declared, public announcements initiated, and an Interim Resolution Professional appointed. The Corporate Debtor's lack of defense led to the Tribunal's decision, emphasizing the nature of the claim as operational debt. Deadlines were set for resolution process steps, and compliance was required from all relevant parties. Case-Laws Insolvency and Bankruptcy Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420182